Siemens Slashes 6,000+ Jobs Across Automation and EV Charging Units
Siemens announced a significant restructuring initiative, cutting over 6,000 jobs globally across its industrial automation and electric vehicle (EV) charging divisions.
Siemens building during layoffs period
Key Details:
- Automation Division: 5,600 jobs eliminated (2,600 in Germany)
- EV Charging Business: 450 jobs cut (250 in Germany)
- Implementation Timeline: Complete by end of fiscal year 2025
Main Reasons for Layoffs:
- Declining demand for automation, especially in China and Europe
- Increased competition from low-cost Chinese manufacturers
- Strategic shift toward digitalization and AI-driven solutions
- Rising energy costs and supply chain challenges
Company Response:
- Providing severance packages and job transition assistance
- Redirecting investments to high-growth areas
- Focus on AI-powered manufacturing and renewable energy solutions
Market Impact: The restructuring reflects broader challenges in Germany's industrial sector, including economic slowdowns and market shifts. This strategic move aims to strengthen Siemens' long-term growth prospects while adapting to evolving technological and market demands.
The company will continue supporting affected employees through the transition while maintaining its commitment to innovation in automation and sustainable energy solutions.
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